A gift annuity is an agreement between a donor and the Foundation to provide a fixed income for one or two people. Payments are guaranteed by the Foundation. The Foundation should expect to net 50% of the original gift.
The rates for 2008 are as follows:
| Age |
Rate |
| 60 |
5.7% |
| 72 |
6.7% |
| 76 |
7.2% |
| 80 |
8.0% |
| 86 |
9.9% |
| 90+ |
11.3% |
Illustrations of payments and tax benefits and agreements are available on the computer from Crescendo, a planned giving software program. No additional legal representation is needed to represent the Foundation or the donor since the standard agreement has been reviewed internally. Minimum gift sizes range from $5,000 to $25,000.
 "Oh, without a doubt, the College of Arts & Humanities!" is Rosellen Kershaw's response to the question of which college will benefit from her California State University, Fresno Foundation Charitable Gift Annuity. Meantime, Kershaw receives a guaranteed income of 8.5% annually of her gift and is contemplating a second gift annuity.
For more information, please contact:
Carol Widmer, CFP
Director of Planned Giving
559.278.8337
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If you have questions or concerns and would like to address them to the Fresno State Campaign staff, please contact us today.
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